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Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Arun Jayaram | JPMorgan | 14 (0%) |
| Neil Mehta | Goldman Sachs | 14 (7%) |
| Doug Leggate | Wolfe Research | 11 (9%) |
| Betty Jiang | Barclays | 10 (0%) |
| Nitin Kumar | Mizuho Securities | 8 (25%) |
| Paul Cheng | Scotiabank | 5 (0%) |
| Leo Mariani | ROTH Capital Partners | 4 (0%) |
| Matt Portillo | Tudor, Pickering, Holt | 4 (0%) |
| Neal Dingmann | William Blair | 4 (0%) |
| Sam Margolin | Wells Fargo | 2 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Goldman Sachs | 1 | 14 (7%) |
| JPMorgan | 1 | 14 (0%) |
| Wolfe Research | 2 | 13 (8%) |
| Barclays | 1 |
| 10 (0%) |
| Mizuho Securities | 1 | 8 (25%) |
| Scotiabank | 1 | 5 (0%) |
| Tudor, Pickering, Holt | 1 | 4 (0%) |
| William Blair | 1 | 4 (0%) |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $6.92B | -5.7% | $-0.31 | -128.8% | 19.7% | -1.8% | $1.57B |
| FY2025 Q1 | $6.80B | +9.5% | $0.77 | +2.7% | 21.7% | 13.7% | $466M |
| FY2025 Q2 | $6.32B | -8.1% | $0.26 | -74.8% | 13.6% | 6.8% | $962M |
| FY2025 Q3 | $6.62B | -6.5% | $0.65 | -33.7% | 17.7% | 12.5% | $1.02B |
| FY2025 Q4 | $5.01B | -27.6% | $-0.07 | +77.8% | 9.3% | 2.0% | $1.88B |
| FY2026 Q1 | $5.23B | -23.1% | $3.17 | +311.7% | 7.2% | 64.0% | $-298M |
| FY2026 Q2 | $8.33B | +31.8% | $2.75 | +957.7% | 45.4% | 35.8% | $2.41B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Occidental reported adjusted earnings of $1.06 per diluted share and reported earnings of $3.13 per diluted share, the difference largely driven by the gain on the OxyChem sale. Production averaged 1.426 million BOE per day, a 21,000 BOE per day beat against the midpoint of guidance, driven by strong new well performance and uptime across the domestic portfolio, while domestic lease operating expense outperformed at $7.85 per BOE. Free cash flow from continuing operations was approximately 52% higher even with oil prices roughly in line with 2025, and principal debt fell to $13.3 billion, below the $14.3 billion target set the prior quarter. Management raised the midpoint of full-year Midstream guidance to $1.1 billion, an increase of approximately $800 million, while adjusting the full-year production guidance midpoint to 1.44 million BOE per day on Middle East disruptions. Vicki Hollub announced her retirement after a 45-year career, with Richard Jackson succeeding her as President and CEO and emphasizing continuity in execution and cost efficiency.
Capex Investment | Capital Allocation | Revenue Growth | Innovation & R&D | Geographic Expansion | Cost Pressure | Competitive Dynamics | M&A | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 4 | 2 | 6 | 3 | 3 | 2 | 1 | 3 |
| 2025Q1 | 3 | 4 | 3 | 1 | 2 | 3 | 1 | |
| 2025Q2 | 2 | 4 | 3 | 4 | 4 | 2 | 2 | 2 |
| 2025Q3 | 7 | 3 | 5 | 4 | 1 | 1 | 1 | 1 |
| 2025Q4 | 4 | 2 | 2 | 1 | 2 | 2 | 2 | |
| 2026Q1 | 4 | 5 | 2 | 1 | 3 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Capex Investment | 4 | 3 | 2 | 7 | 4 | 4 |
| Capital Allocation | 2 | 4 | 4 | 3 | 2 | 5 |
| Revenue Growth | 6 | 3 | 3 | 5 | 2 | |
| Innovation & R&D | 3 | 1 | 4 | 4 | 1 | 2 |
| Geographic Expansion | 3 | 2 | 4 | 1 | 2 | |
| Cost Pressure | 2 | 3 | 2 | 1 | 2 | 1 |
| Competitive Dynamics | 1 | 2 | 1 | 2 | 3 | |
| M&A | 3 | 1 | 2 | 1 | 1 |
What OXY and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“around the acquisition that we did from Occidental Petroleum, that you'd start seeing those volumes show up on our system at the beginning of 2027.”
Enterprise acquired midstream assets from Occidental Petroleum whose volumes are expected to ramp onto Enterprise's system starting in 2027.
“strong completion activity in the Delaware Basin by Occidental, BP, and Devon in Loving and northern Reeves counties, and in the Midland Basin by Exxon in Martin County.”
Occidental drove strong completion activity on TPL's Delaware Basin royalty acreage — a positive read-through on Occidental's Permian development pace.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
OXY Occidental Petroleum | 6 | -23.1% | |
| APA APA Corporation | 5 | -11.7% | |
| COP ConocoPhillips | 6 | -2.5% | |
| CTRA Coterra | · | n/a | |
| DVN Devon Energy | 5 | -13.0% | |
| EOG EOG Resources | 9 | +15.7% | |
| EQT EQT Corporation | 9 | +39.7% | |
| EXE Expand Energy | 7 | +100.2% | |
| FANG Diamondback Energy | 6 | +5.2% | |
| TPL Texas Pacific Land Corporation | 8 | +20.8% |